LTC

The Hourly View for LTC

Last Updated May 24, 2021, 02:048 GMT

At the moment, LTC’s price is up $3.64 (2.55%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Litecoin Daily Price Recap

Litecoin came into today down 15.78% ($26.74) from the open of yesterday, marking the 3rd straight day it has gone down. The price move occurred on stronger volume; specifically, yesterday’s volume was up 60.28% from the day prior, and up 7.72% from the same day the week before. Those trading within the Top Cryptos asset class should know that Litecoin was the worst performer in the class during yesterday. Here is a daily price chart of Litecoin.

Litecoin Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For another vantage point, consider that Litecoin’s price has gone down 7 of the previous 10 trading days.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Litecoin for the past day were:

  • From awertheim:

    Just had an organic convo with a girl at a bar. Unprompted, she brought up that she’s a Dogecoiner and also has some Litecoin. When pressed by me to consider bitcoin instead, her reply: “it’s just too expensive”.Unit bias is a legitimate hurdle at this point…

  • From JohnkimLTC:

    The real truth is that over 40% of USD EVER printed was done in the past 12 months. Copper, soybean, lumber and other commodities are up 300% plus and it’s warning you of hyper inflation that is already here. #bitcoin #litecoin is your lifeline. Grab it and don’t let go.

  • From thecryptob0t:

    Are you worried ur child is texting about crypto?smh = shorting market here
    lmao = longing my ass off
    brb = bitcoin rocks bro
    lol = litecoin or link
    wtf = we trade futures
    btw = bcash the worst
    ily = I longed yesterday
    ftw = futures trading warrior
    ttyl = the trader yolo longed

(Excerpt) Read more Here | 2021-05-23 19:49:02
Image credit: source

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